Friday, March 1, 2013

13-03-01 The news from Government-Sachs


CNBC Documentary Exposes Government Sachs

The revolving door at Government Sachs.
Narrated and produced by David Faber.
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Description from CNBC:
Goldman Sachs - Power And Peril
Goldman Sachs has come under intense scrutiny following a government investigation into its practices. The firm is a powerhouse whose 34,000 employees are known as the best and the brightest. It's unique corporate culture and its long history of success have always been the envy of its competitors...but now Goldman Sachs is fighting to maintain its reputation. The firm has been accused by some critics of misleading investors, and taken to task for accepting a government bailout when, less than a year later, it was able to reap massive profits. Some ask if its connections to the many Goldman alumni who went on to influential government positions gave it an unfair advantage in surviving the global financial crisis.
In this CNBC original documentary, correspondent David Faber reveals how Goldman Sachs benefited from some of its most controversial deals before, during and after the economic collapse. He describes how Goldman, throughout its history, has fought back from adversity with innovation and fierce competitiveness. Faber also examines the future of Goldman Sachs, asking whether the bank can maintain its dominant position atop the world of finance.

Here's just a taste of the revolving door:


Photos by William Banzai7
Ben looks a little bit hairy
The shadow banks sure can be scary
But just like before
Ben's eyesight is poor
So Lloyd is exceedingly merry
The Limerick King

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